Date: February 2nd, 2018 5:10 PM Author: histrionic school
now i dont have to worry about ETH/VEN/XLM and asset diversification like these are some serious long term investments. why bother investing 5 ETH in each coin when they basically cancel each other out and track the market? not to mention i dont care about making 20~50k from crypto
Go all in and get free or go back to wagecuckery
*IMPORTANT: Only do this if you are only investing a small % of overall networth in crypto and you can afford to lose it. definitely dont borrow money or use money meant for other purposes to do this
Date: February 2nd, 2018 5:19 PM Author: histrionic school
that it wont affect your IRL QOL. dont buy eth with rent money for example. or liquidate your 401k. or emergency cash you have in your savings in case you lose your jerb. or money you are saving to buy a car. or money you acquired through credit card loan
basically this is extremely risky and the chance of losing most of it is > 75%
Date: February 2nd, 2018 5:42 PM Author: Out-of-control Location
I live off like $500 a month. That doesn't mean I can "afford" to lose the money I've worked and sacrificed years of my life for.
If your chance of losing most of an investment is worse than the odds of winning a hand of blackjack, it's irrational to put your money there instead of on the casino table. Just buy as much ETH as you can and wait for the bull to come back on the scene
Date: February 2nd, 2018 5:47 PM Author: histrionic school
my OP doesn't apply to you then. thats why i wrote the disclaimer. my OP was meant for ppl who dont have to count every penny and have to live on $500 a month (no disrespect i lived like that too in college/grad school and hope u MAEK it)
i am talking about working UMC professionals who have say 300K in non retirement investments and want to invest say 25K in crypto
Date: February 2nd, 2018 5:59 PM Author: Out-of-control Location
I make many multiples over $500 per month but that's what I spend in a typical month. That's an exaggeration it's more like $800. That is what I meant by "live off"